Regulatory AlertsPRA CP18/17 and FCA CP17/34: Joint Consultation on MiFID II, IDD, BMR, and Minor Rulebook Amendments
The Prudential Regulation Authority and Financial Conduct Authority propose amendments to the PRA Rulebook and FCA Handbook to implement MiFID II, IDD, and BMR requirements alongside minor technical corrections. The consultation covers changes to market risk capital assessments, application requirements for CRR discretions, and administrative updates to ensure regulatory clarity and consistency. Stakeholders are invited to submit responses by specified deadlines in October 2017, November 2017, and January 2018 regarding these proposed regulatory adjustments.
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